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Nov 20, 2012 4:00pm EST
exclusively. autonomy founder, michael lynch here with me coming up. join me for that. >>> up next, the latest conflict between israel and hamas rippling across the globe. bank of israel governor stan fischer speaks with me after this short break. >>> how's this for a geek factoid? fischer gave bernanke an "a" plus when he studied under him at m.i.t. stick around to see if he's still making the grade for stan fischer. a restaurant is hard, try running four. fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. and his new boss told him two things -- cook what you love, and save your money. joe doesn't know it yet, but he'll work his way up from busser to waiter to chef before opening a restaurant specializing in fish and game from the great northwest. he'll start investing early, he'll find some good people to help guide him, and he'll set money aside from his first day of
Nov 18, 2012 8:30am PST
when these soldiers are taken hostage. one of the other soldiers was jessica lynch. and you witnessed a little bit about what happened with jessica lynch's story. so talk to me a little bit about what the media sees, the story that is portrayed, and the reality, and how you feel about the fact that you're really in the crosshairs of that. >> it's difficult, you know? when we came home, lynch had already been rescued. we came home, and there were so many different stories about what happened, and things like that. and we're like, "none of this happened. where is this coming from?" of course, we got to talk to her before anybody else did. and she was at a loss, too, because she hadn't been allowed to speak to any reporters and stuff at that time. so i don't... we really didn't understand where these stories were coming from, how they were blowing these things out of proportion. so it is eye-opening to be on the other end of things, not just as someone reading the paper, but as the story itself in the paper. >> hinojosa: did it make you angry? does that... >> it got me angry, because it
Nov 10, 2012 11:00pm EST
, the president of hhv, michael lynch, was paid a salary of $389,000, and that's just the start. in its complaint, california authorities say money donated for hospitalized veterans also paid for memberships in these two country clubs near lynch's home. a cost of $80,000. donated funds paid for this condominium near washington, d.c., for the use of charity executives. according to the complaint, while help hospitalized veterans has been raking in millions of dollars, $65 million in just the past two years, according to tax returns, the charity has misled the irs and its donors about where the funds actually go. we know $44 million has gone to fund-raising. the charity says it spent $16 million on these kits for veterans. but the california attorney general's office questions the charity's accounting. >> there have been a number of misstatements to the irs and other regulators in order to suggest that the corporation is much more efficient than it in fact is. >> reporter: and it's not the first time the allegations have been made. california congressman henry waxman has been trying t
Nov 20, 2012 2:00pm EST
hired to talk to deloitte about these issues as well as talking to mike lynch and they ran it to ground and said there's no there there. obviously, we know differently now. >> lynch was ceo of the company until fired by whitman for not reaching targets. might have been a lot harder to reach targets without perhaps some of the revenue recognition creativity that they are alleged to have committed before the company was sold to hp. of course, this has been referred to both s.e.c. and the serious fraud unit of the uk. we shall see what they choose to do as they proceed with their own investigation. >> we shall see init deed. david, stick around, bring in topeka capital market, bryan white, kayla tausche. mike lynch is flatly denying these allegation. >> coming out saying not only did he have nothing do with this but hp for its smart a big grownup company, did its own intensive due diligence here. investors don't know what to make of lynch for his part, he is an interesting character, a entrepreneur at heart. created autonomy you sold it, start to finish, he was their executive. the
Nov 27, 2012 2:00pm EST
, right? >> i know herb has too. quite stunning you. hp responded to mike lynch's letter saying there was a willful effort to mislead investors in autonomy in the accounting. last week they took an 8.8 billion write down about 5 billion of that attributable to autonomy. founder mike lynch this morning said i utterly reject all allegations of impropriety, hp management not communicated with him what happened it is about, autonomy's accounting was done directly under ifrs accounting ruleses, different from u.s. gap rules, hp to explain how its accountants missed what led to a write down worth $5 billion. some of the blame here clearly lays with hp management. we are not going to debate mike lynch here in the open exhp management says. look forward to a trial something in the system where mike lynch and veers to answer to this under penalty of perjury. quite a back and forth here. >> this is one of the great food fights i have seen when you have got the back and forth here. i tweeted out this morning, you want to ask whether lynch doth protest too much. looking at that both sides, we knew, s
Nov 23, 2012 8:00am PST
in a lynching. that affected woody years later. but there's no indication that woody was particularly all that political when he was growing up in okemah. and then after a number of family tragedies, like the burning down of their house, the death of his older sister in a house fire, the near-fatal burning of his father in a third fire, and the incarceration of his mother in the oklahoma state mental asylumshe wasn't crazy; she had the misunderstood and undiagnosed huntington's diseasewhere after all these tragedies, woody went to join his father in another boom-to- bust oil town in the texas panhandle, a place called pampa, texas. he dropped out of high school after two years, became a sign painter, married, had his first two children, and then sat there and watched as the dust bowl hit the center of the united states, and, you know, tens of thousands of square miles of destroyed farmland just wiped out. woody was there. and he began to write about the dust. woody guthrie: [singing] back in nineteen twenty-seven, i had a little farm and i called that heaven. well, the pr
Nov 27, 2012 1:00pm EST
worth >>> powerball jackpot now worth at merrill lynch, we understand the importance of your goals. today, our financial advisors lead from a new position of strength. together with bank of america, they have access to more resources than ever before. a steadfast commitment to help you achieve your financial goals in life. that's the power of the right advisor. that's merrill lynch. >>> welcome back to power lunch, i'm courtney real when a market flash. look at shares of adt corporation, the home security monitoring service. you are seeing shares trade just off the highs of the day but right now, in this day, the shares have hit the all-time high, spun off from tyco on october 1st. the company reported inline earnings, revenue slightly missing the street's expectation bus approve afghanistan $2 billion buy back. >>> the clock ticking down to the fiscal cliff there is some noise in washington that perhaps going over the cliff might be the best sort of tactical solution for both sides. so, how could it benefit democrats and republicans? andy friedman is a principal at the washington
Oct 31, 2012 5:30pm PDT
almost get sucked right out. >> reporter: michael alacha and timothy lynch had to check each of the structural braces that held the tower with the crane on top to the side of the building. >> you notice that the mast has ties every nine floors. so we were concerned about the upper most tie. if that tie had failed, that means the mast could fall, that 1,000-foot mast. >> reporter: if the climb was perilous, it was nothing compared to when they got out on the roof. you are tied to a rope but you're trying to get as close to the edge of the roof, a place where any normal person would not want to be. >> i'm looking for-- i'm looking for information. i know i'm sound. i'm tied off. once i know that you're tethered, i'm okay with that. you can-- you start looking around. you start doing real work, but it does make your heart beat. >> reporter: so are they heroes? they say no, just part of a larger team that responded to this accident. so it was all just in a day's work? no. even michael alacha and timothy lynch will admit it was a little more than that, scott. >> pelley: john, i'm curious
Nov 26, 2012 1:40am EST
authors we're at the u.s. naval academy in annapolis merrill lynch. with professor aaron o'connell also the author of this book "underdogs" the making of the modern marine corps." professor when was the marine corps established? >> 1775 but the birthday is us mess. the record always claims november but that is the date that congress authorized but they never raised the battalion raised then. >> day never were. but the first goes then 28 november but 10 november still celebrated as a birthday. >>host: what was the purpose of the marine corps? >> to be the guard on a ship to protect the officers from the crew it was difficult to salish up they had to have people there so the principal job was to be the ship's guard and served and snipers but it is a very small part of the navy. >> this -- record is complete the service? >> separate inside the navy but they would claim when they served aboard they should follow the rules amadeus served ashore to follow the regulations of the army and in 1832 they are a separate service inside the department of labor. the mission did not change so much
Nov 19, 2012 4:30am PST
sponsored by seattle seahawks running back marshawn lynch and his cousin, former tampa bay buck year josh johnson. they grew up in oakland and lynch played football for cal. those free turkeys were handed out at oakland tech high school. >> this is something that we give back. it gives a lot of families hope that there is somebody that cares. this is a caring world and we should still take care of the people that are less fortunate as ourselves, so it's a good thing. >> it's a great thing, love that attitude. organizers say this was their biggest turnout of the year, helping out nearly 400 families. 385 receiving that. >> that is wonderful. >> making the effort, teaming up like that. >>> coming up, the fate of those microapartments could be decided today. >>> michaela garecht disappeared from this market in hayward 24 years ago. in just a couple of hours the family will mark the occasion again today as they await test results that could finally provide a break in the case. i'm christie smith. that story coming up. >>> and a live look at the gaza strip. a new, deadly round of fighting betw
Nov 20, 2012 10:00pm PST
-- lynching you continue to read about in the media. >> what happens now that one party has complete control of the state budget. >> and a land mark day for the most expensive project in california history. the new bay bridge now hanging out all on its own. just a bad employee... but'e talking about a bay area lawmaker - spending your mo. cbs 5 reporter len ramirez n the bills, the investigation >>> lavish meals and luxury travel and a lot of lost receipts. we're talking about a law maker spending your money. on the bills, the investigation and the man who doesn't really feel like talking about it. >> first of all, much has been written about in the past about my personal office's usage,. >> reporter: he spoke for the first time about wasting tax dollars on booze and upgrades for himself and his staff. he didn't deny it and wasn't apologetic. instead he went after the news media. >> i don't want you to be distracted by the political lynching that you read today and continue to read about in the print media. i want you to understand that for 50 years i've been nurtured and raised and
Nov 20, 2012 6:00pm PST
you to be distracted by political lynching that you read today. >> his statement about misusing his expense account. >> i'm mononorring the latest commuters models to find out when the worst of the rain could reach your neighborhood. coming up in 7 minutes. >> there's something suspicious about this fire. >> it could have been worse. >> we're asking if this is one more in a pattern of suspicious fires in this bay area city. uz >>> an empty home is now the latest spot to draw the attention of arson investigators in vallejo. ken pritchett live in vallejo. >> reporter: there were three fires essentially overnight that the vallejo fire department resumed as suspicious. last night there was another suspicious fire. this is leave thing the fire department into investigating as to whether there is a link. when debra rodriguez walked us through the blackened basement of her home she said she felt anger and more. debra rents out this home but no one was living here last night. fire investigators determined it started down stairs. >> the fire appears to be incendiary. >> reporter: vallejo has
Nov 5, 2012 10:00am PST
to check with mrs. lynch. she keeps an eye on alex when my parents are out of town. make yourselves at home. are you all right? come on, alex. careful. i can't skate. wait till i get my hands on that kid. of all the days to pull a crazy stunt. mrs. lynch hasn't seen him since early this afternoon. hello, mrs. wang? alex and vincent are not here. they're not in the house. you haven't heard? yes, i'll call you as soon as i hear something. now what do i do? call the police? no, please. they're not in trouble. they're probably fooling around or something. kevin, tell ramón your idea. well, uh... maybe they went somewhere to celebrate new year's-- you know, wherever kids go in this town. alex left his bag in the hall. he usually puts it away. he ripped an ad out of the paper. what? ramón: it's an ad for the embarcadero. thanks for volunteering to answer the phone, kevin. we'll check in every half hour or so to find out if you've heard anything. here's my work number just in case. hey, good luck. i hope you find them. thanks, kev for being such a good sport. i owe you one. get going, so
Nov 6, 2012 6:00am EST
vicealcaldes ademas de a 6 mil 76 concejales... ... el embajador del peru en buenos aires, nicolas lynch, renuncio ante el escandalo que genero al reunirse con integrantes de un grupo vinculado a la organizacion armada sendero luminoso... las versiones aÑaden que el presidente ollanta humala acepto la renuncia, segun informo el diario estatal el peruano... la situacion de lynch parecia insostenible, pues diversos sectores exigian su destitucion y amenazaban con plantear una censura parlamentaria contra el ministro del exterior, en colombia, los 32- familiares de las victimas de secuestro en manos de las farc no viajaran a cuba este mes... se estima que las conversaciones entre la guerrilla y el gobierno continuara este mes en la isla... el grupo tenia planeado viajar a cuba para exigir la verdad a los miembros de las farc asistentes a este acercamient o, pero el gobierno cubano no ha aprobado los tramites consulares... las guerrillas de las farc aseguran no tener mas secuestrados en su poder... buenas tardes, comienza la semana con diversos avisos y un pronostico de bastante frio... de
Nov 1, 2012 3:10am PDT
that found carol inspirational like amy pohler and jane lynch. i didn't even know jane lynch wrote me a fan letter because she thought she was going to get on the show like i was. i was going to be her connection. i wasn't. >> vicki lawrence, thank you so much. vicki is sending everybody in the studio audience the d.v.d.'s from "the carol burnett show." for this and more, go to we'll be right back. don't twiddle your thumbs, double the fun is coming to wonderland. so stay right there. ~holiday musico high pitched excited squeal yes! thank you! yes! yeah! excited screaming and jumping kids never get this excited about clean teeth. yes, yes , yes! but dogs do. this season, give the gift that makes dogs giddy. and fights plaque and tartar at the same time. greenies dental chews. the treats vets recommend most to make dental care fun all year long. yeah it's a... it's threemendous. ♪ threemendous. ♪ threemendous. [ male announcer ] say hello to mcdonald's new... [ basketball announcer ] threemendous! [ male announcer ] cbo. smooth cheddar, crispy bacon, grilled onions
Nov 25, 2012 5:00pm PST
? >> reporter: this is how the war in waco began. >> yeah, this is lieutenant lynch. may i help you? >> yeah, there's 75 men around our building and they're shooting at us. >> reporter: the caller was wayne martin, sheila martin's husband. >> our children were down on the floor. if we would have been standing up, we would have been hit. >> tell them there are children and women in here and to call it off. >> all right, all right. hello? i hear gunfire. oh, shit. >> reporter: it was a raid by the bureau of alcohol, tobacco and firearms. >> hello. >> call it off! >> who is this? >> reporter: atf agents trying to arrest david koresh and search the branch davidian compound. the operation that winter morning was the culmination of an eight-month investigation. feds believed koresh was illegally converting semi-automatic ar-15s, like this one, into the fully automatic machine guns soldiers use. the federal agents had rented a house across the street, posing as college students, trying to buddy up to koresh. but he never bought the act. >> we knew we were being watched from across the road
FOX Business
Nov 20, 2012 5:00pm EST
simple problem. you have hp under former ceo buying this firm, now saying after mike lynch, who was the founder and ceo, after he left, and executive comes forward to hp and says there are problems. there are improprieties. the dude due diligence? melissa: basically stood by the books and said we looked at them, here are the books. >> so, hp, how is that million dollars b he spent on the econo. what kind of due diligence really was done? hp or sony former executive under the us and mike lynch, nobody else. melissa: what is your take on this? on the surface my response was didn't hp do the due diligence? they did not spend enough time looking at the books of the company they were buying to mention the revenue streams and everything else were on the up and up, but they had this top-notch accounting company standing behind the books, what do you think the real story is? >> don't think there's any doubt this is bad due diligence. they are liable civilly, they may also be liable criminally. this is referred to the sec and justice department, former executives civilly and criminally liable. t
Nov 30, 2012 2:00pm EST
. it's the frequent flyer cliff and it's taxiing ahead. stick around. at merrill lynch, we understand the importance of your goals. today, our financial advisors lead from a new position of strength. together with bank of america, they have access to more resources than ever before. a steadfast commitment to help you achieve your financial goals in life. that's the power of the right advisor. that's merrill lynch. >>> take a look at this. a developing story in new jersey. a train carrying hazardous material has derailed. one of the tanker cars fell into a creek. thankfully nobody has been killed but a dozen or so people are being treated for breathing problems. freight train was carrying vinyl chloride which is mostly used to make pvc and vinyl products. >>> from trains to planes. with air travel, the pain in the rear that it is, why would anybody in their right mind fly more than they have to and fly to nowhere in some cases? well, it's happening. it's called the frequent flyer cliff. nbc's janet schamlian explains. >> reporter: a wild sky-high endurance race with fierce w
Nov 27, 2012 4:00pm EST
and former ceo of autonomy, mike lynch, wrote an open letter to hewlett-packard saying -- and we're going to show you a portion. he wrote, can hp really state that no part of the $5 billion writedown they took was or should be attributed to hp's operational and financial mismanagement of autonomy since the acquisition? end quote. now, hp took that write down saying that $5 billion of the $8.5 billion it wrote down was because autonomy had inflated its numbers. hp quickly responded with its own statement to mr. lynch's letter. they said, in part, we look forward to hearing dr. lunch and other former autonomy employees answer questions under penalty of perjury. >> that mike lynch letter, it went on and on. we showed you a little tiny portion. looks like both sides are geared up for a big, big fight. to top it all off, there's a class ash actiction shareholder that's just been filed against hp. jake has not yet filed the suit. i know he wants to. he has spoken with potential plaintiffs and hp shareholders. why haven't you done it yet? >> well -- >> i'm assuming you're going to. what's
Comedy Central
Nov 16, 2012 1:30am PST
corpse beef, anyway? beef was meant to be boiled. to lynch it of its captioning sponsored by comedy central captioned by media access group can. >> stephen: tonight, scandal at the c.i.a. why can't clare danes get her ( bleep ) together? ( laughter ) then can meth be medicine? four out of five spieds, or your face say yes. and my guest chris stringer is a paleoanthropologist who says all humans came from africa. see, i told you obama was from kenya. ( laughter ) ( applause ) the president is about to pardon a turkey. what did the turkey know about benghazi? ( laughter ) this is the "colbert report." captioning sponsored by comedy central ( theme song playing ) ( cheers and applause ) >> stephen: welcome to the report, everybody. ( cheers and applause ) >> stephen: ladies and gentlemen. welcome to the report. thank you for joining us. folks, i'm in the tv biz, where it's all about the demo graphics -- the demo, we call it. so i work hard to appeal to the millennials. for example, by calling them millennials. ( laughter ) young people love being target marketed by their births date an
Nov 15, 2012 6:00pm EST
. >> some hands-on training. >> lynch is one of ten students who agree to become certified in middle school education. >> i knew there was not going to be a lot of jobs for me so i was looking for ways to make my degree look better. >> >> you can be an english science teacher or an english math teacher. we let our students choose whichever sequence they want. >> i like the independence that you see in middle school. there are far more independent than elementary school students but they do not have the cynicism of high schoolers. >> students are trained on the spot by mentors. >> they have to like what they're doing and like the children and make good choices and help kids make better choices. >> they spend a semester learning in school setting and that gives the principal a chance to take a closer look. >> we try to hire people for this quirky, ogg, alisyn stayed briefly and with a staff that want to work with middle school. >> the first group will graduate in the spring. they are certified to teach english, math, social studies, and science. >> it got a bit easier to find a parking
Nov 27, 2012 12:00pm EST
put the autonomy issue to reach, mike lynch more of these nine points, five of them with questions throwing it back into hp's court, carl. >> yeah. i imagine your day just changed to a great degree, john. we'll talk to you later on that. i'm sure the fast time halftime report will be all over there. let's get back to headquarters and the fast money halftime. >>> all right, carl. thanks so much. welcom welcome. we will continue to follow these breaking developments in that hp story. here's where we stand right now on wall street. the dow jones industrial average is still showing a loss of about 3 points, though trying very hard to go into positive territory, where the s&p 500 and the nasdaq have managed to go today. here's what we follow on halftime. above the rim. research in motion shares soaring more than 50% over the past three months. two traders debate whether the stock should be part of your portfolio. paying dividends. more companies return money to shareholders. is the fiscal cliff the reason and who could be the next to make you feel special. saving face. don't look now, b
Nov 20, 2012 1:00pm EST
these issues as well as talking to mike lynch and they ran it to ground and said there's no there there. obviously, we know different now. >> of course, deloitte was the accounting name signed off on autonomy's numbers. mike lynch, dr. michael lynch was one of the founder of the company and running it until he was sum marly dismissed by whitman, because add harder time making the numbers, which he did when they weren't actually autonomy but owned by hp. as for his part, mr. lynch said the former management team of autonomy was shocked to see the statement today, flatly rejects these allegation, they are false it took ten years build autonomy's industry-leading technology. stood see,has been mismanaged, he claimed, since the acquisition was done by hp. for all of that meg whitman says they still like the end product. >> we still like the business. we like the technology. we think it's going to be an important part of hp's -- hp software's growth strategy, but it is not as valuable as we had believed it to be because revenues are lower, growth rate, we believe, will be slower and the marg
Nov 20, 2012 9:00am EST
founder and ceo michael lynch was fired by meg whitman, sources close to the company tell me a senior executive from autonomy came forward with evidence of widespread accounting misrepresentations that occurred before it was bought by hp. hp began an investigation and concluded that these accounting improprieties inflated the value by $5.3 billion. the ceo then relied on audited financials when making a bid to buy the company. those financials were audited but there were plenty of investors out there who questioned autonomy's growth rate. sources close to the company allege that autonomy pursued a number of avenues to make margins, growth rate and overall value appear far higher than it actually was. the company was selling computer hardware. desk top computers, it's a software company at a loss to supplement revenues and then taking the cost of that as a marketing cost so gross margins would not be impacted. they will sell it directly. you want to sell it to original equipment manufacturers giving it the appearance that they had strong growth. finally, sources close to the company te
FOX Business
Nov 27, 2012 1:00pm EST
ceo mike lynch is firing back at hp just a short while lynch wrote an open letter to the company demanding details on the allegations of on autonomy's accounting practices. hp responded. we believe the legal process is the best way to bring out the facts. we look forward to hearing dr. lynch and other autonomy employees answer questions under penalty of perjury. shares of hp. shall we have a look? off 18 cents a share, down more than 10% over the month. melissa: while the stock market has spent the last month in the doldrums a few of the least respected tech companies have seen their stocks soar. sandra smith has the look at these unexpected winners in today's trade. >> look at the nasdaq. it is only major average sporting a gain. if you look at a one-week chart, seven days in a row, if we finish up today, it would be the seventh winning day for the nasdaq, longest winning streak in 16 months. even those thee are not all up today, research in motion has been killing it over the past month. let me bring up a year-to-date chart. that is the blackberry maker. no one wanted to touch
Nov 21, 2012 4:00am EST
called serious improprieties. lynch says the trouble arose after hp took over the company. >> we've been talking about a massive elephant in the room that wasn't spotted. the reason it wasn't spotted is very simple, it wasn't there. it was done, in their own words, meticulously and great detail. and then they actually ran the company, including doing all of the books for the last four quarters. >> hp shares down 12% yesterday, closing on a ten-year low right now. that is the euro's closing price. >>> still to come later, he's now apologized to the investors for the poor call and says the end for hp is not even sight. >>> also, japan has posted its worst trade deficit in october for more than three decades. exports dropped sharply amid territorial tensions between tokyo and beijing. it indicates the world's third biggest economy is inching closer to recession. this means the country would have seen its fifth technical recession in 15 years. at the same time, japan's opposition party promised a massive easing blitz meant to pull the economy out of its funk. that's if the ldp returns t
Nov 24, 2012 1:00am PST
jane lynch, who is raising a young daughter with her wife, will also join us tonight. it's been a year since tyler's death and the issue came to a lot of the country's attention then. i want to bring in phil mcgraw and rosalyn wiseman. phil, what kind of grade would you give in terms of progress that's been made this year on the issue? >> well, i would give a real high grade as far as intention to both legislators and administrators and teachers. teachers are heroes. come on, these are people that work for very little money, they are very dedicated, but i would give us a very low grade for execution. i would give us a low grade for what we've accomplished and i'll tell you, it's because we're going at this from the wrong point of view. we're dealing with this with bullies as criminals and then their victims, and we can't see them in that way. there's got to be intervention with both. it's not just -- they both need help, they both need social skills training, they both need things that they can only get if we put it into the curriculum. it can't get in the curriculum if we don't p
Nov 21, 2012 2:00pm EST
and ceo michael limplynch who's been aggressively refuting charges. yesterday dr. lynch told cnbc he was blindsided. >> we're shocked. we've been pretty ambushed by this today. first we heard about it was a press release and we actually refute them. these are absolutely factually incorrect. we'd like to learn more about them. i'm afraid the details haven't been shared with us. >> that of course being the charges leveled against them. sources close to the investigation tell me that while lynch may not have known charges of accounting fraud were going to be leveled at his former company, he was the recipient of many questions about specific transactions from those investigating on behalf of hp after he had left the company. sources tell me he and other former members of autonomy were asked during a meeting last june with representatives of hp, specific questions about many of of the practices that hp brought public yesterday whether it said it had essentially been duped by autonomy. sources close to the investigation tell me lynch's answers were vague, unhelpful and he was not spoken w
Nov 30, 2012 4:00pm EST
slip through? here we are hearing hewlett say autonomy duped us. we had michael lynch on, the founder of autonomy, a week and a half ago. he said it's absolute nonsense. we didn't dupe anybody. they're masking, you know, their problems with the fact that they're blaming autonomy. so how does that slip through, and do you think that the problem is autonomy or are they just using this to hide their other issues? >> well, first, it's one of the reasons why i said a systemic issue appears to be a lack of quality due diligence because autonomy, whether it was fraud or not, it's quite remarkable to write off both eds and autonomy in less than a year. i mean, that's billions and billions and baillions of dollas the company is acknowledging is value destroyed. i'm quite sure that meg whitman believes that fraud was committed, or i don't think she would have taken the step that was taken. i'm also not at all surprised that dr. lynch would come out and defend himself and his company with great vigor because, as you pointed out in your interview with him, his reputation is at stake in a
Nov 12, 2012 12:35am EST
, and of course, we won't go into it, but i also owe you dinner. professor mark lynch is not here yet, so i owe mark great gratitude for giving me the opportunity to give a life-long dream and be clint eastwood. in march of 2011 the state department sent t.j. where we had the privilege of having events at boston university, emer son college, and we threw a fine lunchon where he wowed our crowd. and m.i.t. which he was not responsible for that part of his itinerary. over the weekend i'm driving in new england and listening to n.p.r., state department spokesman t.j. crowley has just resigned. on monday morning i had so many calls and e-mails, what did i miss by not going to that lunch? he is a man of great candor and principle. he got in trouble for saying something about the treatment of private bradmauning, the wikileaks thing, and i owe you all a great thanks for being here today. f. >> thank you. [applause] >> i resigned two hours after the tour. i don't want you to take that personally. so we are coming up on the two-year anniversary of this thing called the arab spring or the asia
Nov 1, 2012 4:00am EDT
deal. one stock that is moving, though, up 3.#% after an upgrade coming from merrill lynch. and very quickly, just want to bring you some economic data.2# upgrade coming from merrill lynch. and very quickly, just want to bring you some economic and very quickly, just want to bring you some economic data. retail sales you up, the pace of growth is slowing down just up from the month of september when we saw an increase of 6% month on month. retail sales increased by 0.3%. of course we're waiting for the pmi data for the month of october. and we're expecting a reading of around 45 points. >> thank you very much for that. let's check on the u.s. futures because we had a fairly muted close yesterday as the markets returned after a two day close. of course we haven't seen qu weather related event close since 1988. but you can see so far we're looking just to get back some of the in session today.88. but you can see so far we're looking just to get back some of the in session today.8. but you can see so far we're looking just to get back some of the in session today. they're weake
Nov 11, 2012 8:30am PST
they are, and to me either we won the war were we wound up dead. that was our option. >> lee lynch says being a physician during the war saved his life. >> if i hadn't been in the hospital or radiology, i would've probably been in it front-line physician. >> even though he didn't fight any battles, the war was still a difficult time for him. he left his pregnant wife behind to serve his country. >> your wife is not there. you are half within. you are existing. that's about what we did. we existed day by day. >> you never know from one second to the next. >> ermine schapiro survived nearly two years in the war, got out, got married, and has been with his wife for 66 years. as for dr. lee lynch, his wife passed away six years ago. he says that an state is just another day. the past is his present. >> i have a huge bank of memories. >> we are losing our world war ii vets. a couple of very special guys. they are going to be honored in a salute to veterans event tomorrow morning at the family residence in palo alto. >>> post election day questions. is she in or out? still to come, are p
Nov 27, 2012 9:00am EST
invest in our teachers so they can inspire our students. let's solve this. at merrill lynch, we understand the importance of your goals. today, our financial advisors lead from a new position of strength. together with bank of america, they have access to more resources than ever before. a steadfast commitment to help you achieve your financial goals in life. that's the power of the right advisor. that's merrill lynch. governor of getting it done. you know how to dance... with a deadline. and from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. this is awesome. [ male announcer ] yes, it is, business pro. yes, it is. go national. go like a pro. >>> coming up on halftime, facebook soars 35% in three months. is the turn-around finally here? research in motion down today, but up about 50% in a month. buy or bail on this battleground stock? our traders debate that, and getting ahead of the fiscal cliff. who will be the next to issue a special dividend? find out at the
Nov 27, 2012 5:00pm EST
month of december. at merrill lynch, we understand the importance of your goals. today, our financial advisors lead from a new position of strength. together with bank of america, they have access to more resources than ever before. a steadfast commitment to help you achieve your financial goals in life. that's the power of the right advisor. that's merrill lynch. when you take a closer look... the best schools in the world... see they all have something very interesting in common. they have teachers... ...with a deeper knowledge of their subjects. as a result, their students achieve at a higher level. let's develop more stars in education. let's invest in our teachers... they can inspire our students. let's solve this. >>> some of the "fast money" traders saw it coming. a risk reward for a trade. looking for 20 bucks on the upside. i like yahoo here. >> going from 14.5 and now it is 16 and change. >> i think there is a floor under yahoo here. >> i think you are still all right buying the stock. >> yahoo is up 26% since the first call. what do you do? >> it is a lit
Nov 18, 2012 11:00pm PST
east bay. the families of seattle seahawks running back mar shawn lynch and his cousin josh johnson held their sixth annual turkey drive. the football stars grew up in oakland and lynch played for cal. the turkeys were given out at oakland tech high school. >> this is something we do to give back. it makes a lot of families have hope that there is somebody out there that cares. i know this is a caring world we live in and we should take care of the people that are not as fortunate as ourselves. so it is a good thing. >> organizers say this was the biggest turn out ever helping 385 families. very nice. we have thanksgiving coming up on thursday. you are promising no rain, right? >> it's looking better. even better as we get to thanksgiving. here's the deal, though, on wednesday, big travel for most. i think the morning until lunchtime is when we will see the main part of the next system in. the rain shifting south tuesday in to morning but wednesday afternoon the bay area looks good. things clearing out. thursday and friday also looking nice. >> maybe football games on thursday morni
Nov 23, 2012 12:30am PST
experts that we engage, tom lockhart, chris lynch and assessor's office, we are engaging at an early stage, is a way to create a strategy that might allow community facilities district to create revenue that you could bond against as early as possible. even before traditionally you can create infrastructure financing district that relies on revenues that are flowing from a completed project. in order to create a revenue stream that you can go out to the market and bond against in order to bring back that chunk of revenue in order to pay back the warriors. so we are -- to your question we are exploring ways to accelerate as much as possible in order to ensure quick repayment to warriors. >> i'm jumping a little ahead to the budget analyst report but it was stated it is possible we could reduce liability in terms of what we would owe 13% on, down to 29.6 million if we were able to use the estimated 34 million from the expected revenues and bond revenues. is that feasible? is that something from the get-go we could take out as to what we would owe 13% interest on? >> that is right. we a
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